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The best overall GICs in Canada
Scotiabank is one of Canada’s five major banks. It provides a series of personal banking services, along with business banking options for both small- and mid-sized companies. Furthermore, Scotiabank offers a variety of deposit products with competitive rates.
Scotiabank's GIC rates
Scotiabank’s guaranteed investment certificate (GIC) products feature a number of different options. Among these options are non-redeemable GICs, cashable GICs, market-linked GICs, and other speciality GICs. When comparing the rates on Scotiabank’s non-registered and registered GICs with those from other providers, you’ll find that Scotiabank’s rates are relatively competitive and comparable to a few other major banks in Canada. When choosing a non-redeemable GIC, you can select term dates from 30 days to 10 years. If you purchase a GIC in a registered retirement savings plan (RRSP) or a registered retirement income funds, the term dates range from 90 days to five years. If you invest in a cashable GIC with Scotiabank, you’ll be able to redeem any portion of the investment after 30 days without incurring any penalties when making a withdrawal.
Compare other Scotiabank products
When banking with Scotiabank, you’ll also find that in addition to investment products, you can open chequing and savings accounts. Moreover, Scotiabank also offers credit cards, such as the Scotiabank Gold American Express Card and the Scene Visa card. If you’re searching for a mortgage, Scotiabank offers a variety of mortgage product options.
Natasha is the Business Director of Everyday Banking at Ratehub.ca. With over a decade of business, strategy and execution experience in the financial services industry, Natasha has worked with numerous public and private enterprises across North America. Her passion for finance and education brought her to Ratehub.ca, where she works closely with Canada’s top financial institutions - from banks to credit unions - to help ensure our over 1,200,000 monthly users get matched with the right credit cards and personal financing accounts.read linkedin bio
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